Trade strategy for ABB India Ltd can be approached by 3 ways. Below are the ways mentioned,
1. Since 1620 is good resistance, shorts can be initiated at current levels with stops above previous traded high of 1640. Exit points can be either on i)Rising trendline level or ii)Support area between 1547 & 1567 or iii) 1505/10
2. If the stock breaks the above...
Bajaj Finance trading along a channel, has hit the upper end. There might be a small drop from this level if the channel is to hold. Also notice a bullish continuation pattern formed within the channel. Hence, if the channel upper end is broken, we can expect the stock to move to 3695 level.
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Bullish Flag pattern spotted in NTPC . Pattern seems to be confirmed and hence the stock could move towards 148. Previous top at 137.5 can act as an intermediate resistance.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in...
After hitting the mark of $65, crude oil is consolidating in the form of a bullish flag pattern.
Two legs of the flag pattern has completed and it is currently at its third and final leg.
Although, we expect the flag pattern to render a bullish breakout, for now, we expect a movement to the resistive trendline only.
From our analysis, It seems the pair attempts to breach its long term resistance repeatedly and is finally a D candle closed above 4/1 Gann Fan resistance
we expect the pair might reach new higher highs after this and would reach the expected target